Data dig: worker exodus, pricey London and Chinese imports


The number of construction workers that have left the industry since 2008, according to recruitment agency Randstad. Simon Harris, Randstad UK head of construction recruitment, said:

“Construction employers without a bulletproof long-term workforce plan will find the going very hard indeed. It will make the 2007 war for talent look like a water fight.”

LONDON CALLING

London has overtaken Geneva as the most expensive city to build in, Arcadis’ average location index for 2024 has found.

MADE IN CHINA

Nearly 20 per cent of all construction materials imported last year came from China, according to the latest government figures.

May 24 MiN 2

GROWING PAINS

Only 15 per cent of small construction business owners predicted growth for the three months to 30 June 2024 – the lowest proportion in more than three years, polling firm YouGov has said.

May 24 MiN 3

The total area of external wall insulation installed onto buildings in 2023, the Insulated Render and Cladding Association revealed.

The number of full-time workers in construction project management, up by 10 per cent from 2019, according to the Association for Project Management.

The percentage of contractors concerned about the impact of the Building Safety Regulator’s gateway regime, a survey by consultants RLB has found.

The amount invested in UK hotels in the first quarter of 2024, according to Cushman & Wakefield.

BUILDING PROFIT

Construction ranks as the second-best industry in the UK for profit per employee, a money.co.uk survey showed.

May 24 MiN 4



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